The Bottom Line INC: Nonprofit Profile, Financials & Form 990 (EIN 04-3351427)

Revenue by fiscal year
FY2020	$12.7M
FY2021	$19.3M
FY2022	$18.1M
FY2023	$36.5M
FY2024	$23.4M
FY2024	$20.2M

Expenses by fiscal year
FY2020	$13.6M
FY2021	$12.8M
FY2022	$14.9M
FY2023	$19.2M
FY2024	$24.5M
FY2024	$25.8M

Net assets by fiscal year
FY2020	$10.0M
FY2021	$16.4M
FY2022	$19.7M
FY2023	$36.6M
FY2024	$33.7M
FY2024	$27.8M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 1997.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

68 cents of each dollar spent went to programs.

68%

15%

17%

Program services 68% · $17.7M Management & general 15% · $3.8M Fundraising 17% · $4.4M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

33 people listed on the 990; $2.6M paid to officers and key staff.

Part VII, Section A · reportable compensation

Steven Colon

Chief Executive Officer

$360,571Pt VII · Sec A

Shauwea Hamilton

Chief Impact Officer

$227,856Pt VII · Sec A

Alissa Silverman

Chief Regional Officer

$199,940Pt VII · Sec A

Ginette Saimprevil

Executive Director - Ma

$187,901Pt VII · Sec A

Sarah Place

Chief Program Officer

$185,692Pt VII · Sec A

Shannon Donnelly

Chief Operational & Financial Officer

$185,034Pt VII · Sec A

Thomas Will Hobart

Executive Director - Il

$179,041Pt VII · Sec A

Andrea Carter

Chief of External Affairs(thru 11/24)

$163,076Pt VII · Sec A

Steven Colon’s $361K as Chief Executive Officer is at the 63rd percentile of top reported officer pay among 572 $10–100M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

Name	FY2024	FY2024	FY2023	FY2022	FY2021	FY2020
Steven Colon	$360,571	$345,806	$296,520	$284,174	$265,266	$271,459
Alissa Silverman	$199,940	$235,049	—	—	—	$152,924
Shauwea Hamilton	$227,856	$222,008	$200,599	$178,544	$164,770	$163,754
Ginette Saimprevil	$187,901	$182,524	$164,298	$144,379	$120,092	—
Sarah Place	$185,692	$180,155	$156,131	$140,316	$124,903	—
Ijeoma Mbamalu	—	—	$185,174	$112,737	—	—
Shannon Donnelly	$185,034	$181,317	$55,120	—	—	—
Thomas Will Hobart	$179,041	—	—	—	—	—

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See The Bottom Line INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

Family or business ties among officersPt VI · Ln 2No
Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Helps first-generation, low-income students get into college, graduate, and build successful careers.

Provided by the organization

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1 program · $17.7M · in their own filed words · FY2024

01

In fiscal year 2025, bottom line serverd more than 1080 high school students through the organization's highschool access program, of which 91% made a commitment to college by the end of their senior years.

$17.7Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid

Grants received · FY2025

Grapevine Giving FoundationFY2025$6K

Joseph and Eva Flaherty Charitable TrustFY2025$500

Total grants receivedfrom 2 funders$6K

Grants paid · 7 grants · $8.4M · 2019–2024

Unitemized GrantFY2024$1,749,444

Unitemized GrantFY2023$2,015,803

Unitemized GrantFY2022$1,349,528

Unitemized GrantFY2021$1,092,477

Unitemized GrantFY2020$491,373

Unitemized GrantFY2019$347,649

By the numbers

The FY2024 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$20.2M

Ln 12

Gifts and grantsLn 1h$19.0M

Investment incomeLn 3$1.2M

Fees for servicesLn 2g$39K

Money outPt IX

$25.8M

Ln 25

Programscol B$17.7M

Managementcol C$3.8M

Fundraisingcol D$4.4M

Owns and owesPt X

$27.8M

net assets · Ln 32

Cash and savingsLn 1–2$7.7M

Total assetsLn 16$33.6M

LiabilitiesLn 26$5.7M

PeoplePt VI, VII

33

listed · VII A

PaidVII A14

Voting boardVI 1a20

IndependentVI 1b20

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$19.0M

Government grantsLn 1e$90K

Fundraising eventsLn 1c$1.0M

Fees for servicesLn 2g$39K

Investment incomeLn 3$1.2M

Other incomeLn 4–11$9K

Gains on assetsLn 7$349K

Total revenueLn 12$20.2M

Assets in detailPt X, end of year

CashLn 1$2.2M

SavingsLn 2$5.6M

Cash and savings togetherLn 1–2$7.7M

InvestmentsLn 11–13$11.4M

Land, buildings, equipmentLn 10c$315K

Other assetsLn 15$4.0M

Total assetsLn 16$33.6M

LiabilitiesLn 26$5.7M

Net assetsLn 32$27.8M

OperationsPt I, VI

EmployeesI 5191

VolunteersI 6250

Fiscal year endsHeaderDecember

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13Yes

Records policyVI 14Yes

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY24	End FY24
Cash and savingsLn 1–2	$16.4M	$7.7M
InvestmentsLn 11–13	$10.9M	$11.4M
Land, buildings, equipmentLn 10c	$134K	$315K
Total assetsLn 16	$37.3M	$33.6M
LiabilitiesLn 26	$3.6M	$5.7M
Net assetsLn 32	$33.7M	$27.8M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic individualsLn 2	$1.7M	$1.7M
Pay of current officers, directors and key staffLn 5	$1.9M	$1.0M	$582K	$296K
Other salaries and wagesLn 7	$12.9M	$9.4M	$1.3M	$2.2M
Pension plan contributionsLn 8	$370K	$271K	$42K	$57K
Other employee benefitsLn 9	$1.4M	$1.0M	$165K	$209K
Payroll taxesLn 10	$1.0M	$747K	$143K	$158K
Legal feesLn 11b	$142K		$142K
Accounting feesLn 11c	$93K		$93K
Lobbying feesLn 11d	$32K	$32K
Investment management feesLn 11f	$5K		$5K
Other fees for servicesLn 11g	$2.4M	$1.0M	$577K	$772K
Advertising and promotionLn 12	$68K	$150	$2K	$67K
Office expensesLn 13	$386K	$254K	$80K	$52K
Information technologyLn 14	$861K	$472K	$286K	$103K
OccupancyLn 16	$684K	$593K	$12K	$80K
TravelLn 17	$106K	$106K
Conferences, conventions and meetingsLn 19	$692K	$330K	$202K	$161K
InterestLn 20	$2K		$2K
Depreciation, depletion and amortizationLn 22	$145K	$107K	$16K	$22K
InsuranceLn 23	$71K		$71K
Other expenses (24a–d)Ln 24	$566K	$419K	$81K	$66K
All other expensesLn 24e	$174K	$87K	$848	$86K
Total functional expensesLn 25	$25.8M	$17.7M	$3.8M	$4.4M

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024	$23.4M	$24.5M	−$1.1M	$33.7M	990 PDF
FY2023	$36.5M	$19.2M	$17.3M	$36.6M	990 PDF
FY2022	$18.1M	$14.9M	$3.3M	$19.7M	990 PDF
FY2021	$19.3M	$12.8M	$6.5M	$16.4M	990 PDF
FY2020	$12.7M	$13.6M	−$935K	$10.0M	990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

See the full FY2024 990 (5 parts)

Part I · Summary $20,192,316 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $21,063,743$18,957,076

I-9 Program service revenuePrior year $1,105,100$39,000

I-10 Investment incomePrior year $1,180,425$1,187,218

I-11 Other revenuePrior year $22,054$9,022

I-12 Total revenuePrior year $23,371,322$20,192,316

I-13 Grants and similar amounts paidPrior year $2,015,803$1,749,444

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $16,090,619$17,641,434

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $6,365,837$6,422,192

I-18 Total expensesPrior year $24,472,259$25,813,070

I-19 Revenue less expensesPrior year −$1,100,937−$5,620,754

Part VIII · Statement of revenue $20,192,316 across 10 lines filed

VIII-1c Fundraising events$1,011,127

VIII-1e Government grants$90,000

VIII-1f All other contributions, gifts and grants$17,855,949

VIII-1h Total contributions, gifts and grants$18,957,076

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $39,000$39,000

VIII-3 Investment incomeExcluded from tax $838,357$838,357

VIII-7 Net gain or loss on sales of assetsExcluded from tax $348,861$348,861

VIII-8 Net income from fundraising eventsExcluded from tax −$977−$977

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $9,999$9,999

VIII-12 Total revenueRelated to mission $39,000 · Unrelated business $0 · Excluded from tax $1,196,240$20,192,316

Part IX · Statement of functional expenses $25,813,070 across 22 lines filed

IX-2 Grants to domestic individualsPrograms $1,749,444$1,749,444

IX-5 Pay of current officers, directors and key staffPrograms $1,003,802 · Management $582,180 · Fundraising $296,199$1,882,181

IX-7 Other salaries and wagesPrograms $9,410,347 · Management $1,273,251 · Fundraising $2,241,107$12,924,705

IX-8 Pension plan contributionsPrograms $270,859 · Management $42,097 · Fundraising $56,991$369,947

IX-9 Other employee benefitsPrograms $1,042,825 · Management $164,857 · Fundraising $208,991$1,416,673

IX-10 Payroll taxesPrograms $746,646 · Management $142,984 · Fundraising $158,298$1,047,928

IX-11b Legal feesManagement $141,688$141,688

IX-11c Accounting feesManagement $92,559$92,559

IX-11d Lobbying feesPrograms $31,500$31,500

IX-11f Investment management feesManagement $4,626$4,626

IX-11g Other fees for servicesPrograms $1,047,687 · Management $577,288 · Fundraising $771,987$2,396,962

IX-12 Advertising and promotionPrograms $150 · Management $1,588 · Fundraising $66,529$68,267

IX-13 Office expensesPrograms $253,567 · Management $80,336 · Fundraising $52,073$385,976

IX-14 Information technologyPrograms $471,787 · Management $286,243 · Fundraising $102,878$860,908

IX-16 OccupancyPrograms $593,073 · Management $11,573 · Fundraising $79,688$684,334

IX-17 TravelPrograms $105,849$105,849

IX-19 Conferences, conventions and meetingsPrograms $329,709 · Management $201,721 · Fundraising $160,513$691,943

IX-20 InterestManagement $1,784$1,784

IX-22 Depreciation, depletion and amortizationPrograms $107,252 · Management $15,992 · Fundraising $21,981$145,225

IX-23 InsuranceManagement $70,941$70,941

IX-24 Other expenses (24a–d)Programs $418,532 · Management $80,677 · Fundraising $66,467$565,676

IX-24e All other expensesPrograms $87,418 · Management $848 · Fundraising $85,688$173,954

IX-25 Total functional expensesPrograms $17,670,447 · Management $3,773,233 · Fundraising $4,369,390$25,813,070

Part X · Balance sheet $33,582,184 assets, 16 lines filed

X-1 Cash, non-interest-bearingStart of year $2,291,795$2,158,497

X-2 Savings and temporary cash investmentsStart of year $14,092,651$5,558,095

X-3 Pledges and grants receivableStart of year $7,664,513$9,158,715

X-9 Prepaid expenses and deferred chargesStart of year $297,476$384,773

X-10c Land, buildings and equipment, netStart of year $133,763$314,830

X-11 Publicly traded securitiesStart of year $10,948,074$11,385,290

X-14 Intangible assetsStart of year $239,771$654,765

X-15 Other assetsStart of year $1,613,976$3,967,219

X-16 Total assetsStart of year $37,282,019$33,582,184

X-17 Accounts payable and accrued expensesStart of year $2,123,195$1,794,032

X-25 Other liabilitiesStart of year $1,497,328$3,955,462

X-26 Total liabilitiesStart of year $3,620,523$5,749,494

X-27 Net assets without donor restrictionsStart of year $19,565,380$13,732,006

X-28 Net assets with donor restrictionsStart of year $14,096,116$14,100,684

X-32 Total net assets or fund balancesStart of year $33,661,496$27,832,690

X-33 Total liabilities and net assetsStart of year $37,282,019$33,582,184

Part XI · Reconciliation of net assets $27,832,690 net assets at year end

XI-1 Total revenue$20,192,316

XI-2 Total expenses$25,813,070

XI-3 Revenue less expenses−$5,620,754

XI-4 Net assets at start of year$33,661,496

XI-5 Net unrealized gains (losses) on investments−$208,052

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$27,832,690

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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